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How Many Billions Of Drug-Laundered Money Does It Take To Shut Down A Bank?
It's an odd question, we know - especially ahead of today's Stress Tests, but given today's testimony on assessing the bank secrecy act, apparent trouble-maker Elizabeth Warren pokes and prods (correctly we would add) at the surreality that exists between the Department of Justice, The Treasury, and the financial system. David Cohen, Tom Curry, and Jerome Powell dodged bullets and blame, "does that mean essentially we have a prosecution-free zone for large banks in America?" But Warren wasn't going to be fobbed off with useless banter as she pointed out, "if you're caught with an ounce of cocaine, the chances are good you're going to go to jail... for the rest of your life. But evidently, if you launder nearly a billion dollars for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night - I think that's fundamentally wrong." Indeed Ms. Warren.
Here is the transcript - note the Treasury officials never actually answer anything...
WARREN: ... As Senator Reed just pointed out, the United States government takes money laundering very seriously for a very good reason. ...
Now in December, HSBC admitted to money laundering. To laundering $881 million that we know of for Mexican and Colombian drug cartels. And also admitted to violating our sanctions for Iran, Libya, Cuba, Burma, the Sudan. And they didn't do it just one time. It wasn't like a mistake. They did it over and over and over again across a period of years. And they were caught doing it. Warned not to do it. And kept right on doing it. And evidently making profits doing it.
Now HSBC paid a fine, but no one individual went to trial. No individual was banned from banking. And there was no hearing to consider shutting down HSBC's activities here in the United States. So what I'd like is, you're the experts on money laundering. I'd like your opinion. What does it take? How many billions of dollars do you have to launder for drug lords and how many economic sanctions do you have to violate before someone will consider shutting down a financial institution like this? Mr. Cohen, can we start with you?
COHEN: Certainly Senator. No question the activity that was the subject of the enforcement action against HSBC was egregious...
WARREN: But let me just move you along here on the point Mr. Cohen. My question is, given that this is what you did, what does it take to get you to move towards even a hearing? Even considering shutting down banking operations for money laundering?
COHEN: Senator, we at the Treasury Department under OFAC and (ph) authority, we don't have the authority to shut down a financial institution...
WARREN: I understand that. I'm asking, in your opinion, you are the ones who are supposed to be the experts on money laundering. You work with everyone else, including the Department of Justice. In your opinion, how many billions of dollars do you have to launder for drug lords, before somebody says, we're shutting you down?
...
WARREN: ... And I'm asking, what does it take, even to say, here's where the line is. We're going to draw a line here, and if you cross that line, you're at risk for having your bank closed?
...
COHEN: But I'm not going to get into some hypothetical line drawing exercise.
WARREN: Well it's somewhere beyond $881 million of drug money.
COHEN: Well Senator the actions, and I'm sure the regulators can address this issue. The actions that we took in the HSBC case, we thought were appropriate in that instance.
...
WARREN: So what you're saying to me is you are responsible for these banks, and again, I read your testimony and you talk about the importance of vigorous enforcement here. But you're telling me you have no view when it's appropriate to consider even a hearing to raise the question of whether or not these banks should have to close their operations when they engage in money laundering for drug cartels?
...
WARREN: I understand that I'm over my time. And I'll just say here, if you're caught with an ounce of cocaine, the chances are good you're going to go to jail. If it happens repeatedly you may go to jail for the rest of your life. But evidently, if you launder nearly a billion dollars for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night. Every single individual associated with this. I just, I think that's fundamentally wrong.
(h/t Manal Mehta)
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I'll print trillions of copies of the phrase "Grandstands With A Fist" and hand them out to the banks. I'm bound to succeed eventually according to Krugman.
Ah c wut ya did thar.
Titonka!
The attorney general, Eric the Placeholder, will never prosecute the big banks and throw someone in jail for breaking the law.
CEOs, Eric Holder has you the green light to even commit murder. The laws don't apply to you!
We've entered some bizarre fucked up kaleidoscope of a parellel universe when real questions start to be asked of the bankster facilitators in a congressional hearing. So next up they'll start using drones as getaway planes for the guilty unindicted stealing scumbags. Free Jon Corzine!
lol...yes...it is a strange world indeed, illegal drug users rooting on Warren for, not so much the drug lords or the importation of the drugs or even the street level dealer or the violence surrounding it...but the profit made on the illegal drugs.
Why, there should be a law or sumpin ;-)
Indeed. Here's more grist for the kaleidoscope, Senator Kirk's reaction to the witnesses non-answers to questions posed at the hearing:
"I just want to -- to -- based on what we have learned today from Treasury, for our Senator Warren to join me in a big bank of a money laundering practice where we just handled drugs and terrorism, I think we can make a killing that way and no danger of prosecution. Yeah, that's -- yeah. That's great, yeah. Nothing to fear from -- from the government."
Kirk was put into office by the same Chicago Jew $ machine(Pritzkers,Crowns-General Dynamics) that put Obama and Durbin in power. Kirk is a functioning retard that votes whatever way he is told to and is probably "buddies" with Lindsey Graham.
Its an exclusive club...and we ain't in it.
I guess what galls the shit out of me is, partly what Warren attempts to say, a poor crackhead goes to jail, a rich senators/judges/mayors/bankers etc. son snorting lines of coke never will.
When the biggest thieves are the ones making & enforcing law there is no fair definition of justice.
I really don't care how or what motivated these two to say what they did today--I would have paid them to say it if i had the connections and the dough. The contrast between the usual drivel and just a couple of sentences that somewhat reflect what has been happening, and being done to this country should send people down on their heads with pitchforks and all the other acoutrements, but that's what happened when we collectively had balls and roared rather than bleeted BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA.
I suggest Ms Warren... stay out of the hot tub, not fly in any small planes, not take up rooftop Astronomy.
no ski trips, either
I'm not quite ready to trust Ms Elizabeth. Her string is attached to the same puppet master as the big eared guy in the big white house.
Liz, you be rockin' my world! Ever heard of the RICO act?
Just pledge your support for the politicians re-election fund and pick up your Get Out Of Jail Free card.
All talk and no action, as John Perkins has proven.
Any politician that trys to change the system in any way against the bankers gets hammered!
drug-laundered money or laundered drug-money
i know the money is covered with drugs
can dogs smell the cocaine on bitcoins?
http://finance.fortune.cnn.com/2012/12/18/bitcoin-money-laundering/
Senator Schumer Says Bitcoin Is Money Launderinghttp://www.techdirt.com/articles/20110605/22322814558/senator-schumer-sa...
FBI Fears Bitcoin’s Popularity with Criminals http://www.wired.com/threatlevel/2012/05/fbi-fears-bitcoin/That's fucked up that people go to jail for having cocaine.
Some are convicted for it, then re-elected to office.
DId we really expect anything different? The US is run by bankers. Arrrg
Money which is printed by the FED and distributed to the primary dealer banks is used to run the US.
There, fixed it for you
It's all about campaign contributions.
Even though, I support unlimited political contributions for everyone, but only if they're immediately posted for all to see, just who supported whom and how much.
I suspect Elizabeth Warren has been reading Rolling Stone and one Matt Taibbi lately. However, my Trust O Meter remains unimpessed. For now.
MA is the Commonwealth.
Mind your own, and we will do ours.
I dislike the NDAA and drones, but make your mistakes if you must.
Ms Warren is our kith and kin.
Your probem:
We have self sustaining land and money.
CONgress is bankrupt.
Drone on. Pet.
RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO RICO
SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE SUAVE
Quite . It is wrong that HSBC money launnderer has no board room prosecuiions.
Jail 'em.Dont ball em.
Ms Warren.
Cape Cod Five Cents Bank has done no wrong.
CONgress.
Ain't gona happen.
Is Jamie Dimon calling himself the Sun King yet?
maybe the banksters are sleeping with the see eye aie ...u know the ones that oversee the growing of poppy in afghanistan, etc
It's not about quantity. It's about quality! Just ask NAoR. They will gladly launder your money (cigarette wrappers) for you.
I'm surprised Cohen didn't reach into his shirt, put his palm under his armpit and flap his elbow to make fart noises.
I listen to this and wonder why the sheeple don't go ape shit crazy on these mother fuckers. I think I live in a dream.
Many people are having their smartphones surgically implanted in their frontal lobes, others are disinterested and not paying attention to any newsworthy events, and then there's this:
http://newyork.cbslocal.com/2013/03/07/officials-80-percent-of-recent-nyc-high-school-graduates-cannot-read/
So, generally speaking, most people will not notice the categorical demonstration that they have been fucked and fucked again the last ten years or so and the market will go up tomorrow. Probably speaking. And the only certainty is that with our invasion of the body snatchers mentality the totality of uz is fucked.
80 fucking percent of NYC high school grads can't read?
Oh, wait... that would be 80% who wish to go on to higher education must get remedial reading help before entering the City University's community college system. Probably better than most of California.
Still bad.
Agreed, but you gotta go with what's on the news-sites that particular day, ya know?
If your're employed by JPM? According to a whale I know, It's about $5b. I live in SouthPark, so I just kill Kenny when SHTF!
Cusack has been hammering on O for years now after realizing he was used by O to get in office in '08
Not good enough. All these wage slaves have forsaken their own.
Cusack
Lane Myer: Johnny...
Johnny: Four weeks, twenty papers, that's two dollars. Plus tip.
Lane Myer: Gee Johnny, I don't have a dime.
Johnny: Didn't ask for a dime. Two dollars.
Lane Myer: Well... it's funny see... my mom, had to leave early to take my brother to school and my dad to work cuz...
Johnny: ...two dollars... cash.
Lane Myer: See... the problem here is that... my little brother, this morning, got his arm caught in the microwave, and uh... my grandmother dropped acid and she freaked out, and hijacked a school bus full of... penguins, so it's kind of a family crisis... so come back later? Great.
Here is the news that grifts off U.S.
Your problem. O'bomba is a freak product, shiney shoe shine boy of the Trilateral Commission, and its Nazis.
Warren is an ingenue, easilly manipulated, like most Irish. She'll take her place and money...or not. Time tells.
I thought John Cusak was " Better OFF Dead" after his last rant. It seems he might be redeemable.
I want my (2) dollars...
Dear Yen,
These poiitical types steal.
newengland yer preaching to the choir.
Dear Yen.
No surrender. We pay them.
Never Submit!
:-). Yep.
Two dollars!
Or, is it more now?
Thanks for posting this. I had forgotten how funny it was.
I'll bite, he was never actually a "progressive academic humanist" and he just acted like one to get elected?
Damn right, Ms Warren. It is un-american and just plain wrong for HSBC a foreign bank to get away with its cynical acts.
JAIL 'EM. DON"T BAIL 'EM.
Meanwhile, MA has a useless bureaucratic health care 'system', costing most people most while CONgress is excused.
Get your house in order.
BCCI use to launder some of thier money thru the cbot bond floor.. i was a phone clerk for merrill .
some girl from london would call and buy or sell thousands of option contracts. later that day they would cover all
thru a different brokerage house. i use to try to show them things but the girl said thank you
but were not interested.... its only drug money ---sic
My brother was driving a commercial truck for a nursery operation in Michigan. He had 8 grand cash on him for shrubs he was picking up in W VA. He was stopped and the state police confiscated his cash. He had a tailight out but seems carrying that kind of cash is now illegal in Amerika. It took his company 3 trips to Ohio courts to get their cash back. Three overnight hotel stays and lost time with no compensation. And HSBC does this. How do we help her??? She may have more than a boating accident if she keeps this up.
Yep. Nicey words from statist thieves will bury them. Whores, they are.
I would highly advise that you NOT offer anything but support for EXISTING law on the books...otherwise your brother may find himself walking in the snow without a truck and his company making mutiple trips to Ohio to get both the company's money & the truck back next time.
One of the ways the state grows is through duplication & extension of EXISTING law.
If I hear anyone saying..."There should be a law against...X" one more time, I'll have to shoot them ;-)
She's a whore for the establishment. She's doing her best human impersonation for the cameras. Nothing else.
Princess Liawatha is controlled opposition.
Makes for nice sound bites though!
"Fuck Casper Gomez, fuck the fuckin' Diaz brothers... FUCK EM ALL!... I buried those cock-a-roaches."
http://www.youtube.com/watch?v=KaCMvISo7RE
Well done! +1
If we ever get thru this and actually shoot or put away the ceo's of the banks that did all this shit, the sooner that we get on with our economy and start amking money legally and main street takes off. Until then us "little people are fuked". Warren is the only one looking out for us........... I do not care if you are republican, democrt... etc.
Elizabeth rocks !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Frankly, my dear, I don't give a damn.
It infuriates me that CONgress supports the NDAA.
Elizabeth will anwer to the Commonwealth. Our country and Constitution.
Another round of applause erupts from the Kabuki theater fans.
+1 Ms Warren, all you need is one criminal indictment, and not some scapegoat Madoff grifter. Go for a big fish like Dimon or Blankfein. You don't even need to shut their banks down. Just slap'em with some matching chrome bracelets and leg shackles.That'll put the fear in the rest of them banksters.
Give them golden shackles if it will keep them controlled. I mean real shackles where they are attached to the floor and cannot move, but the gold will be pretty! And, I bet it shines after they tug on it for years.
People with no homes, no jobs, on foodstamps -
For fuck sakes people will soon start carrying an ounce of coke just to get a bed and 3 square meals a day for several years.
It's a whole different level/market that the CIA drug cartels operate on. The war on drugs is a profit center for the military industrial complex, somebody has to clean the money Senator, why do you even ask about this? Everyone knows what the score here is, been that way for years...
I applaud her intelligent questioning.
She is naive. Not a bad girl.
I will be calling my Congresscritter to ask for an independent counsel. (Is that law still on the books?)
We have never been told why Lanny Breuer left so abruptly. I am sure that it was to spend more time with his family. One would have hoped that Holder gave him the gate after the tripe he offered about not prosecuting to not upset the banking system. It was perfect. You know......"That Lanny is a good person. He tries so hard. But he really did get a little too carried away. He wanted justice for everyone." What do they call that...bag man....water carrier.....fall for the team?
But then Holder comes out pleading the same BS. Idiot!!!!
Holder is not what one would call being in a totally unconflicted position given some of the clients he represented before taking the AG's office. GeeZee PeeZee. Even Gary Gensler recused himself against investigating Jon Corzine due to their previous business relationship. Holder is embarrassing the Prez big time. I don't think Obama realizes that Holder is making him look to be the fool as well.
Elizabeth Warren is OK - despite all of her gaming of the system with her DNA. For sure the establishment wanted her shut up. Witness giving her that hokey position in the basement of Treasury where she had to hear the water run every time Geithner flushed his commode. Regardless, she is one of a bare handful asking embarrassing in prime time. We did have a few scathing letters from Senators to Holder. What was the response to those......"only if the drug smuggling bankers pose a clear and present danger." Besides, working on Capital Hill can actually be a stressful 24/7 job, and they need all of those toots to remain alert.
It was wrong, as in past tense, Ms Warren. Now, we're the USSA, today this how we roll.
The video...
http://www.youtube.com/watch?v=7cKTBy7_S_I
How long before she commits suicide with 5 bullets in the head, one in the back with her hands tied?
Over your dead body.
Do not threaten the Commonwealth, and our Elizabeth.
Back down or bleed. Your choice.
this story..... a while back i heard when the banks got caught, they supposedly laundered hundreds of billion$. now the hundreds of billions is down to $900 million? either the numbers from before were way off, whoever does whatshername's calculations is bad at math, or someone is trying to make the whole govt sponsored money laundering debacle look a lot less bad.
"The war on drugs is a profit center for the military industrial complex,"
That's why Evo Morales kicked DEA's ass out of Bolivia.
OK, Nazis. Game on
Stay away from Elizabeth.
Fox news says warren is bad person, fox viewers have pavlovian response, cant believe these people still post fox news as a source.
I must say, she seems to be one of the only few who actually are trying to make a difference when it comes to the outright illegal behavior that goes on - when she got elected I figured she would just be another of the libtards who strives for more spending, more taxes, more deficits dont matter bullcrap.
I am very surprised that out of the gate she has attacked the status quo several times - and makes a hell of a good case. I hope she keeps going and does not get "tamed". I am sure the establishement is working on her now aggressively.
She should be looking to hire both a food tester and a "preventative" brake mechanic ....
She is naive, not bad.
Bad people ought to back off. Do not threaten Elizabeth.
Will she do more harm than good?
Will she do more good than harm?
I'll bet they use her to make things worse for us and better for the banks.
Carnac says: the government can do a better job than you can managing your retirement money. To me that just means we will all go down together; that's fair, right? Fuck fair! Fair is just a way to make us all pay for idiots' mistakes. Which really means that idoits have no reasons to learn anything.
Drug dealing is precisely what made HSBC so prosperous, remember the opium wars? HSBC can't help it, it's part of its bank DNA, it would be like asking a Chinese official not to be corrupted : impossible.
true
Makes me sick every time I remember the HSBC "fine" and pot smokers are doing time.
Hypocrisy and fraud in everything. Truth is treson in the empire of lies.
Opium wars Then and now.
The biggest crime is theft by fiat, theft by taxation and slavery by regulation .... and Elizabeth Warren is all in .... drug money is pocket change !
A "Cohen" at the Treasury Department? You've got to be kidding!
Sometimes, it's 'How you see the problem...'
Has anyone else realized -- besides HSBC, the Fed and the DOJ -- that all this drug money eventually makes its way back to the big banks, and into Fed Bonds and T-bills? Even dirty/drug money has a chance of getting into money-heaven, with the blessing and forgiveness of its sins by its high priests. Along its travels it touches and nourishes many lives.
In the words of a Colombian drug lord: "Donde esta el problem, Gringo?" /sarc
De donde es usted. Keep away from our Elizabeth. Back off or bleed.
So is she going to accidentally drown in a hot tub, cut her self shaving her legs and bleed to death or something like that? Since she doesn't have a schlong, I doubt there will be a honey trap ala Spitzer.
Remember, even though she is a libtard, your enemy's (the banksters) enemy (Liz)......is your friend.
she's pissed. are the cartels cutting into her tribe's casino profits or something?
Here's Cathrine Austin Fitts about;
Click on the Link to see the picture of Grasso huging the FARC leader
http://journals.democraticunderground.com/Octafish/359
A Real World Example:
NYSE's Richard Grasso and the Ultimate New Business "Cold Call"
Lest you think that my comment about the New York Stock Exchange is too strong, let's look at one event that occurred before our "war on drugs" went into high gear through Plan Colombia, banging heads over narco dollar market share in Latin America.
In late June 1999, numerous news services, including Associated Press, reported that Richard Grasso, Chairman of the New York Stock Exchange flew to Colombia to meet with a spokesperson for Raul Reyes of the Revolutionary Armed Forces of Columbia (FARC), the supposed "narco terrorists" with whom we are now at war.
The purpose of the trip was "to bring a message of cooperation from U.S. financial services" and to discuss foreign investment and the future role of U.S. businesses in Colombia.
Some reading in between the lines said to me that Grasso's mission related to the continued circulation of cocaine capital through the US financial system. FARC, the Colombian rebels, were circulating their profits back into local development without the assistance of the American banking and investment system. Worse yet for the outlook for the US stock market's strength from $500 billion - $1 trillion in annual money laundering - FARC was calling for the decriminalization of cocaine.
To understand the threat of decriminalization of the drug trade, just go back to your Sam and Dave estimate and recalculate the numbers given what decriminalization does to drive BIG PERCENT back to SLIM PERCENT and what that means to Wall Street and Washington's cash flows. No narco dollars, no reinvestment into the stock markets, no campaign contributions.
It was only a few days after Grasso's trip that BBC News reported a General Accounting Office (GAO) report to Congress as saying: "Colombia's cocaine and heroin production is set to rise by as much as 50 percent as the U.S. backed drug war flounders, due largely to the growing strength of Marxist rebels"
I deduced from this incident that the liquidity of the NY Stock Exchange was sufficiently dependent on high margin cocaine profits (BIG PERCENT) that the Chairman of the New York Stock Exchange was willing for Associated Press to acknowledge he is making "cold calls" in rebel controlled peace zones in Colombian villages. "Cold calls" is what we used to call new business visits we would pay to people we had not yet done business with when I was on Wall Street.
I presume Grasso's trip was not successful in turning the cash flow tide. Hence, Plan Colombia is proceeding apace to try to move narco deposits out of FARC's control and back to the control of our traditional allies and, even if that does not work, to move Citibank's market share and that of the other large US banks and financial institutions steadily up in Latin America.
Buy Banamex anyone?
(continues...)
******
...come back tomorrow for Part 4 of Narco-Dollars for Dummies.
WARNING!
This may be nothing, but there seems to be a not so nice country going around and placing links on certain web sites to put Trojans on ones computer.
It is called Win.Trojan.Swrort-3602.
It looks chinese.
http://www.threatexpert.com/report.aspx?md5=3f30ac3fc5c0c7ec0ebddf108b05...
Run a scan with a free Clam anti-virus to check if your machine has it.
Here is the report from Clam:
c drive: \Program Files\Mozilla Firefox\firefox.exe: Win.Trojan.Swrort-3602 FOUND
c drive\System Volume Information\: Win.Trojan.Swrort-3602 FOUND
Free Clam Anti-Virus:
http://www.clamwin.com/content/view/18/46/
We have a new variant of Conficker botnet. Alphabet soup agency thought the DNS scan isolated malware. Due to the voluntary comp check, your government IP check breeded new malware improvements.. Program was tweaked.
https://forms.fbi.gov/check-to-see-if-your-computer-is-using-rogue-DNS
At the end of day, the current US government administration will be caught modifying malware to pass new laws. Mark my words. Computer code never lies.
Again?
They got they're hand in everything else...
Who would second guess these homicidal maniacs?
Everything is an Hollwood set with the brain dead Liberals just chugging the whole thing down.
Wachovia aka Narchovia Bank was deemed too big to bring down. Taxpayers funded the buyout.
How a big US bank laundered billions from Mexico's murderous drug gangs -2006
Connect the Eric Holder dots.
a lot of those taxpayers put the blow up their noses too
"Money laundering" just like drug possession or distribution, is a non-crime created by the state. All of these non-crimes are actually violations of arbitrary rules, the real criminals are the ones making these rules, the politicians and the bureaucrats.
I am no fan of the TBTF system, but the way to end TBTF is to End the Fed and return to commodity money, not by enforcing laws the very existence of which is a violation of human rights. If Senator Warren is concerned about people going to jail for cocaine, she should work to legalize cocaine (and all other drugs). That is the solution, not prosecuting anyone for the violation of arbitrary rules, whether they be banking executives or entrepreneurs working in black market industries such as recreational drug distribution.
Bingo; they're just insuring their continued ability to play the invented arbitrage.
But since we're on the subject, which rules aren't "arbitrary"?
Gravity comes to my mind and laws against murder, theft, battery, rape..., but yes many rules are arbitrary like the tax code.
Just trying to get a little natural law philosophical discussion kindled...physical laws I'll accept, but all the rest are negotiable.
Murder becomes 'warfare' and you get medals for it.
Theft becomes 'appropriation' or 'war reparations'.
Battery becomes 'discipline' or 'enforcing the law' (ask anyone who's mouthed off to a cop at the wrong time).
So sluts of body, broke brains and sleazy manners are ok?
By your way of thinking. Silly person. Unworthy of any position of responsibility.
I love conservatives...they claim to believe in freedom...just not anyone elses.
Now all that drug money is filtering through residential mortgage loan originators. The RMLOs got a pass on the bank secrecy act (BSA) last Feb. Take a look at an exsting home sales chart and you'll see. That drug money had to go somehere so it appears regulators will look the other way as it absorbs our excess home supply. Who said two wrongs don't make make a right! And I bet you'd never se Liz Warren asking those tough questions to a group of Century 21 saleswomen!
http://www.youtube.com/watch?v=SKJHltEI788
Can't people like Elizabeth be put in prison for being a risk to the society or something??
How dare such a high ranking person speak plain and honest truth.....
The first thing that you are supposed to do when you join the government at any level is take out everything like honesty and integrity from within your and stuff yourself with contributions from powerful individuals and institutions so that you think, speak and act only what is told to you by them.
The U.S. government (this is applicable to governments almost everywhere) is a morally corrupt government willing to sell their own family for money. The arms and ammunition industry and the banking cartel own the politicians in power. They use their money power to get only those politicians elected who work solely for their profit motives. The rest of the world population be damned. The only activity they do is pacify the majority of the population using false statistics and promises of a better future so that they do not lynch them and their masters while they are robbing the taxpayers.
http://www.marketoracle.co.uk/Article35345.html
www.letstalkmoney2012.in
Vote with your feet and close your bank accounts. Find a neighborhood friendly credit union and leave the banking cartel behind.
Under every stone is a slimy slug and a thorough HSBC criminal investigation will lead to another bank, and another, and another as the tightly woven web called the financial system is more corrupt than anything we've ever seen in history. This makes the S&L crisis seem like a garden party and why these banks were bailed out, at our expense nonetheless, is beyond comprehension.
Exposing the banks by starting bank runs is a start. Just do it.
Such banks exist in MA, and do better business for the community than the two faced scared liar fckrs in too big too jail banksters.
HSBC are hateful money laundering drug running zionists. Rootless cosmopolitans. Liars and thieves.
You write. You don't do.
It would be nice; not perfect but, nice if the banks had to pay a penalty that was more than they profited by their crime. It seems to me like they always get a slap on the wrist that is less than than they made on the crime committed. As long as they have a net profit from each crime they are caught committing they will keep committing crimes; we don't even know how many crimes they commit without being found out.
Tyler ! Knock Knock! The 'usd/jpy" just blew up! How did the BoJ pay for it? Non of the majors moved much. Oh wait , helicoptor Ben gave them an open swap line! Fuck You ben bernanke.
usd/jpy is at 2009 levels. look at the weekly chart. It's only eclipsed buy the fall in 2007-8 financial crisis.
How Many Billions Of Drug-Laundered Money Does It Take To Shut Down A Bank?
Warren statements
1. “In your opinion, how many billions of dollars do you have to launder for drug lords, before somebody says, we're shutting you down?”
2.” In your opinion, how many billions of dollars do you have to launder for drug lords, before somebody says, we're shutting you down?”
Divide and conquer.
There was a rather limited options set presented as alternative courses per legislation or prosecution to address these problems.
The biggest unspoken option is to move from drugs being illegal whereby we continue the existing system of chaos and insanity to one of regulation to enable the free flow of drugs to whoever wants them for the best market price. Now you’re talking real competition.
Have some sort of transaction and distribution tax such as with alcohol and watch the state and local budget deficits melt away...
Under this model the billions of dollars do not have to be laundered, government funds formerly directed to incarcerate people may be redirected towards treatment.
We would let a lot of people out of jail, there would be a crash in the market for sellers of drug tests.
We would have to expand government for some time, transforming our public works departments to distribute coke and heroin and such to those who need it at production plus basic transportation cost including pick up of the dead by self emmoulation, not because they are robbing to support their habit or killing to protect their life and limb.
We cut the overhead of all these police agencies and international spy agencies, the drug cartels will no longer have a profit motive.
Human resources redirected towards better purpose for individual and collective survival.
No way...
We must at all cost preserve the current order.
Why be accountable for the continuity of the root cause when you can simply change the window dressing?
I appreciate Warrens hard questions trying to change up the system, but the solution set offered seems to me more of the same.
Put on a good show, divide and conquer.
You prefer confuse and conquer. Typical druggie, rootless cosmopolitan.
I prefer to improve my knowledge and understanding.
I will not accept a number or label from some creature replicating the input of MSM or other media brand programming.
You can come here anytime you like, but you can never leave?
Welcome!
That's alright...you'll finally understand when you're the one being demonized. The gun freaks are getting a taste of it right now. You'll get yours soon!
The Commonwealth will not bow down to gangsta bankstas.
Good commerce is ok. All else is wrong.
HSBC, gangsta bankstas, drug runners, money launderers for such hateful crimes.
Jail 'em. Don 't bail 'em.
Market Skeptics' Eric deCarbonnel provides analysis on why this criminality goes unpunished. Videos linked below.
*****What I have been afraid to blog about: THE ESF AND ITS HISTORY (Part 1-5)*****
Finished Part 2 of “What I have been afraid to blog about: The ESF and Its History”
Finished Part 3 of Video (Preview of Part 4 Included Below)
Finished Part 4 of “What I have been afraid to blog about: The ESF and Its History”
Finished last video (Part 5) of “What I have been afraid to blog about: The ESF and Its History”The original [European Stability Fund? ] Am I missing the proper achronym]]]?
The Exchange Stabilization Fund is a uniquely American solution to, and cause of trillion dollar deficits. It is the true source for Treasury-insider toilet paper in mass quantities, meant to wipe the cracks of every greedy pig in government. The beltway ninth circle denizens stand on tippy-toes and shout above the din of sloshing liquidity there, "Don't make waves, don't make waves!"
HSBC is an example of rootless cosmoplitans, money grubbing, drug running,money laundering whores.
Jail 'em.. Don't bail 'em or fine 'em.
The major historical points on the importance of money laundering for the banks were already made in previous comments above ... and so, I will not repeat those. Rather, I will simply repeat my overall view, which is that the basic systems are:
DEBT SLAVERY BACKED BY WARS BASED ON DECEITS.
Slavery segued into the "war on drugs" and then the "war on drugs" blended into the "war on terror." To understand the "war on terror," one needs to understand that the events on 9/11/2001 were an inside job, false flag attack. The drug wars were actually also "false flag attacks" in their own ways as well. The war on (some) drugs is more than 75% against "marijuana," which was presented as being "almost as bad as murder" as the "reefer madness" reasons for why all cannabis was criminalized. That is, it was BECAUSE hemp is the single best plant on the planet for people, for food, fiber, fun and medicine, that the law was based on a propaganda campaign that rebranded the hemp plant with the Mexican Spanish slang name "marijuana" and then enforced laws that asserted that "marijuana is almost as bad as murder."
Obviously, those assertions, referred to as "reefer madness," that marijuana was an addictive narcotic, which made people suddenly become criminally insane, while repeated use became fatal, were the assertions that originally created the marijuana laws, which have been enforced more and more, for decade after decade. Marijuana laws are merely the single simplest symbol, or the most extreme particular example, of the general pattern of social facts, which are that our entire civilization is based on huge legalized lies, backed by lots of legalized violence. In order to understand that, one has to follow the money, and ESPECIALLY FOLLOW THE MONEY TO ITS SOURCE. Following THAT leads us up back to the international bankers, who are the biggest gangsters, or the BANKSTERS.
The most important ways that those systems of money and politics were connected were through the funding of the political processes. It is vital to understand that more than 99% of the funding of politics has come from less than 1% of the people. That is the primary reason why it was possible for politicians to become puppets of the banksters, and therefore, we could end up with well-established systems of LEGALIZED LIES, BACKED BY LEGALIZED VIOLENCE.
The paradoxical answer to the superficial question asked in this article above is that the more money the bigger banks make from laundering money, the less likely they become to ever be prosecuted for that. In order to understand that paradox one has to appreciate the general pattern of social facts, which are that the best organized gangs of criminals ARE the biggest banks, and that they effectively control the government.
Therefore, the war on (some) drugs were always a set of deliberately huge lies, which were legalized, because that would benefit the biggest banks all the way around. Not only do the biggest banks make more money from skimming the cream off of the illegal drug businesses, but also, the drug wars then provided excuses to build the fascist police state, which is needed to advance the agenda and the interests of the fascist plutocracy, i.e., the social system which is based on the control of civilization by the "wealthy," where the supreme form of that wealth is the ability to make "money" out of nothing, as debts, and yet, have the government force everyone else to accept that fraud, and adapt their whole lives to live within that system of privatized fiat money.
The drug wars enabled a vast and prolonged subsidization of measures which would grow a fascist police state. The allegations that those drugs were were made illegal because those drugs were so bad as to require that were always grossly disproportional, and not supported by any sane science putting various drugs into proper perspective. Instead, the war against (some) drugs tended to operate in a Bizarro Mirror World, which was INVERSELY PROPORTIONAL. Therefore, while the facts are that THC in cannabis is one of the safest of all drugs, with no fatal overdose possible (the true facts being directly the opposite to the "reefer madness" lies, which were the basis of the laws), that situation merely provided an endless stream of excuses to drive more social polarization, which would drive an increasingly fascist police state, which would then be available to protect the fascist plutocracy.
Since the runaway financial frauds have a structure which necessarily, and automatically, drives debt slavery to develop numbers which become debt insanity, the fascist plutocracy, operated by the banksters that were able to corrupt the government to legalize them counterfeiting the money supply, needed to have even more and bigger excuses to develop their fascist police state, beyond even what the war on drugs had already enabled. Therefore, the ruling classes arranged for the inside job, false flag attacks on 9/11/2001, as something which would then be orders of magnitude worse that drugs, and so enable orders of magnitude more fascist police state powers, all to continue to be able to reinforce and maintain the power of the fascist plutocracy controlled by the banksters, and their buddies in the corporations that had grown up around those banks, which had gained the privatized power to make money out of nothing as debts, and thereby, become the most supremely wealthy people, who could use that wealth to buy up more and more control over every other facet of civilization.
Of course, a social system based on lies, backed by violence, does not care about evidence and logical arguments. Of course, pointing more radical truth regarding what is really going on is probably not going to change anything, other than perhaps get those pointing that out attacked for doing it, by the fascist police state, in order to protect the fascist plutocracy. However, this runaway social insanity situation, where our civilization has become almost inconceivably crazy and corrupt, has become so extremely bad that I feel that I no longer have much to lose ... and anyway, it very probably will make no significant difference to anything for me to bother to point out what is really going on ... which is that the banksters control our government, and therefore, the banksters were behind the drugs wars, and the war on terror, etc., so that the banksters could be able to build their fascist police state, to advance the agenda of their fascist plutocracy.
In the REAL world, more than 99% of the population will probably continue to act like political idiots, while especially a small fraction of 1% continue to benefit from that situation ... at least until the total madness of controlling civilization with triumphant runaway frauds finally drives the whole system so mad that it destroys itself. Therefore, I endeavour to point out what is really going on behind the scenes, regarding the illegal drug business having its profits laundered by the biggest banks with impunity. However, that is almost certainly a waste of time to bother to try to do, since one can most reasonably expect that more than 99% of the people will keep on acting like political idiots, while less than 1% will become ever more "wealthy" on the basis of their runaway systems of legalized lies, backed by legalized violence.
After working on these problems for several decades, I have practically been forced to give up, in the sense that I no longer can maintain any reasonable hope for the foreseeable future with respect to these issues. All of these systems of triumphant runaway force backed frauds are headed towards their own psychotic breakdowns ... Meanwhile, many mainstream morons will continue to say that we should end the war on drugs because it was manifestly an abject failure. Those political idiots do not understand that the war on drugs has been a fantastic success, the same as the false flag attacks on 9/11/2001 were a fantastic success, in terms of advancing a fascist police state, to protect the interests of the fascist plutocracy. Furthermore, the mainstream morons who do not understand any of these deeper realities, and do not want to understand, then continue to provide nothing with respect to the deeper issues, of the chronic political problems inherent in the nature of life, which the current ruling classes are providing a set of expedient ways to deal with, which benefit those ruling classes.
To understand the issue of why the biggest banks are more and more enjoying an impunity to launder dirty money, one has to go through an almost infinite tunnel of deceits ... and that includes going through the bullshit ideals that there should not be any combined money/murder system, or that there should not be any debt controls backed by death controls. To go through and through understanding these processes of the best organized gangs of criminals controlling the government, in order to benefit from that, all the way around, one should move on past false fundamental dichotomies, and the "solutions" for those problems based on impossible ideals.
The line of questions asked and answered in this article above was merely more of the standard political puppet shows, put on for the masses of muppets. The basic situation is ALWAYS that money is backed by murder. Civilizations operate according to the principles and methods of organized crime. The banksters are the best organized gangs of criminals, who control the government, and so, of course, they are allowed to launder money with impunity. Indeed, the whole system would collapse if they were stopped from doing that, because the whole system IS, and MUST BE, operated as organized crime on the largest possible scale. Furthermore, any genuine solutions to those problems require a profound paradigm shift in political science, whereby enough people understand that enough, because the only realistic ways forward are to continue to muddle through the madness that human society is ALWAYS some dynamic equilibria of organized systems of lies, operating organized robberies.
There is NO fundamental dichotomy between the biggest banks and organized crime. There is NO fundamental dichotomy between governments and organized crime. The only differences are ones of degree. Therefore, the only genuine solutions to these problems require that enough people should go through enough of the paradigm shifts in perception so that they more completely understand that!
Of course, I would not recommend holding one's breath until that series of political miracles happen. Rather, I am probably relative safe in saying these kinds of things because the ruling classes can count on more than 99% of the people continuing to be political idiots, that do not understand, and do not want to understand, anything that I have written above. Perhaps a tiny group of the readers of Zero Hedge might understand, but that barely matters in the bigger picture. The banksters are collectively a gang of trillionaire mass murderers, which profit from every evil thing they can do, especially including by controlling the government.
Making popular drugs illegal made them vastly more profitable, and the biggest banks were then able to skim the cream of those profits off the top, by laundering that dirty money. Meanwhile, the actual enforcement statistics show that the drug laws are mostly enforced against Blacks and Hispanics, which was what those drug laws were always intended to enable in the first place. From the point of view of the biggest banksters, all of their triumphant force backed frauds were great achievements!
Yes those poor black and hispanic drug dealers. Give me a break you fucken pot head.
Warren may be a little lefter than some like but she's got bigger balls than most all of the men in the senate and she isn't afraid to use 'em.
I agree with that. Grayson (remember him) was a stinking liberal socialist, but he went after the Fed with both hands, and should be given credit along with Kucinich for getting dems to vote for the ron Paul "Audit the Fed" bill which he co-sponsored, which was ultimately trimmed down to enable a one time peek at the Fed books. So where is Grayson now? Where will Warren be in another term? Back teaching probably. The global financial system and their servants in Treasury don't stand for this sort of questioning shit ... If you fart at AIPAC or the banks or any ZOG department you'll be preyed on and shut down -- you wont get to a second term or you'll eat a bad prawn and get food poisoning somewhere.
It's a family affair.
What is wrong? Just cool ole plain 'americanism'
'Americanism' is about extorting the weak, farming the poor.
Serving the 'american' middle class gives priviledges. That laundering bank serves the 'american' middle class.
Has always been the case since 1776, July, 4th.
AnAnonymous said:
Yes, that's it, keep deflecting the blame. A good farm hand like you knows how important it is to stick to the script.
You are an obsessed, jealous bigot. Suicide may be your best option.
It would help me if Warren would clarify whether she stands for liberty and justice, omnicient police state or just filling her hole like Clinton. All I see is Holder-escque rhetoric from a veteran socialist advocate who has not defined what she really really wants. And get the facts straight Liz: if you got life for a z, you obviously weren't connected and couldn't afford a decent liar. Like half the people in prison in the US, for victimless 'behavior'. We see the US equivalent of party members walking for far worse. Fuck you Holder!
The endocannabinoid system is a major regulator in the body implicated in almost all diseases including cancer.
http://classicalvalues.com/2013/03/endocannabinoids-the-science/ Endocannabinoids The Science
Medical Marijuana prohibition is a crime against humanity and a violation of the religious precept - heal the sick.
Pass it on.